When I was in the military, the bases where I was stationed were always guaranteed to be surrounded by several types of businesses: bars, payday loan providers, non profit debt consolidation companies and car dealers. You wouldn’t believe how gullible our young service members are when they come out of training. We were constantly warned to stay away from most of these establishments. But everyday there were people getting scammed into contracts or going deeper into debt. However, there are occasions when these types of businesses can provide real help if you’re careful about who you choose to work with.
If you take the time to do your research on them, look into their history and past customer relations, you can find a diamond in the rough. This is much easier today, thanks to the internet. Here I’ll take a look at a few examples…
The National Debt Relief
When you visit their website, http://nationaldebtrelief.com, they have an option for you to select how much debt are you in.
As you navigate the site, you will come across various useful tools such as the online budget calculator and the most important fee journal. The company appear to deal with debt settlement and thus, instead of having a fixed fee, they charge you 20% of what you save on original debts. They claim that they have been able to save a maximum 50% of the debtor’s debt. National Debt relief also has credit counseling and helpful articles to read through. Their live chat option is very helpful and response is prompt. I also checked the BBB and they have an “A”.
Premier Debt Help
This company offers two services related to debt, Debt management and Debt settlement. There is a small monthly fee of $45, which is lower than what the other guys in the industry offer. The best thing I like about PDH is, they offer a 10 minute consultation, and they don’t force you to take their debt settlement services unlike other companies who advertise their services instead of actually consulting. For communications, they have got their phone, email and online chat service. You would not really require these, since all the information required is found in their FAQ. PDH employs some great professionals in the industry and they know what they are advising you to do. You might not need a financial advisor for planning out stuff because they give you access to their calculators, newsletters, blog and other self-help tools necessary. Also, having a professional advisor planning things for you would cost a little more extra time and money.
Coastal Credit solutions
CCS (coastal credit solutions) have their debt management as well as debt consolidation services available for those in the hole. Although they recommend the debt management service to those who can afford it. There is no direct fee given by the customer to CCS since they collect their fee from the creditors. Creditors pay them for collecting funds from the debtors. CCS negotiates with your creditors and pretty much waives off all the penalties and late fees. This reduces some burden from your shoulder, but whatever it is, you still have to pay. Their website requires you to enter your information and then you will be asked a series of questions to determine the best course of action in your situation. They have got some good financial advisors who can suggest the best financial plan to get you out of the debt. Upon searching about CCS on Google, it is hard to find complaints about CCS which in fact is a great thing. Again, this one has an “A” score with the BBB.
